It’s true. In December we have seen a 1% (or more) drop in interest rates depending on loan program. This is huge but this is also a big warning to those sitting on the fence. On a $500,000 mortgage that is a savings of over $350 a month. Great news right?
Right….but you are not the only one getting this good news.
If you have been waiting for rates to drop don’t wait too long because you are not the only one. Many people in your situation are now waking up and looking to get back to looking at homes. If you wait too long the competition will be driving the prices back up.
Get pre approved while you can still get a lower price on the home, if rates drop even more you can always refinance.
Getting a lower rate on a home you already own is much much cheaper than buying a home at higher price with a lower rate.
Happy shopping!
Chris Berg Mortgage MLO 198082 Powered by Advantage Mortgage Inc NMLS 1770599 
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